Answer:
The standard deviation of the new data will be increased as compared to the previous standard deviation of the data.
Step-by-step explanation:
The prices are given to be : 59, 60, 65, 99, 175
Standard deviation = $49
Now, if we add or subtract any constant value to each of the terms then the standard deviation remains unchanged.
But, we add a new price in the given data that is $450
[tex]\text{New standard deviation = }\sqrt{\frac{\sum (\bar{x}-x_i)^2}{n}}\\\\\bar{x}\text{ is the mean of data after adding 450 and}\\x_i\text{ are the price values of the sample data}[/tex]
Hence, Standard deviation is calculated to be 139.5
Therefore, the standard deviation of the new data will be increased as compared to the previous standard deviation of the data.
Answer:
The New standard deviation is greater than $49-Apex
Step-by-step explanation:
